“While AMD has made significant progress, we view Nvidia hardware as generally ahead by 0.5-1 year, particularly in the system/rack approach, where AMD currently has no experience of building in large scale,” wrote BofA Securities analyst Vivek Arya in research note on Wednesday. He rates AMD stock at Buy with a $200 price target.

Morgan Stanley isn’t buying the hype. On Aug. 6, analyst Joseph Moore cut his price target for AMD stock to $168 from $185, maintaining an “equal weight” rating.

Two companies that provide key infrastructure for the artificial intelligence revolution reported lackluster financial results on Wednesday.